Macy's 2013 Annual Report Download - page 76
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Table of Contents
The following table sets forth a summary of changes in fair value of the Pension Plan’s level 3 assets for 2013 and 2012:
Balance, beginning of year $594
$533
Actual gain on plan assets:
Relating to assets still held at the reporting date 1
7
Relating to assets sold during the period 48
23
Purchases 77
71
Sales (172)
(40)
Balance, end of year $ 548
$594
During 2012, the Company made a funding contribution to the Pension Plan totaling $150 million. The Company does not anticipate making funding
contributions to the Pension Plan in 2014.
The following benefit payments are estimated to be paid from the Pension Plan:
Fiscal year
2014 $274
2015 256
2016 248
2017 244
2018 240
2019-2023 1,107
F-30